Carrick Talks Money

Market View

His lawyers had argued that, under their interpretation of the Canada-United Kingdom Income Tax Convention, Black was, for tax purposes, a resident of the United Kingdom during that year.

They are also asking the appeal court to reconsider the amount the Canadian Revenue Agency claims Black owes taxes on. The government has estimated the amount of income and benefits Black owes taxes on may be as high as $5.1-million.

Black’s lawyers have also asked that the appeal be heard in Toronto, where Black has been living in Toronto since 2012, when he finished serving 37 months in the U.S. for convictions on fraud and obstruction of justice relating to his time as the head of media giant Hollinger.

An appeal court tossed out two other fraud convictions against him and against two other Hollinger executives.

Restrictions

All rights reserved. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. Thomson Reuters is not liable for any errors or delays in Thomson Reuters content, or for any actions taken in reliance on such content. ‘Thomson Reuters’ and the Thomson Reuters logo are trademarks of Thomson Reuters and its affiliated companies.